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also at fault. >> mr. samaras has become an inseparable part of ms. merkel's election campaign. she cannot admit to the german people in the run-up to elections that she made a mistake, that she is responsible for the coming recession and that the greek debts must be cut. >> the german finance minister continues to reject that option. he says he was confident that an agreement would be reached when eurozone ministers meet next week. >> chancellor angela merkel said there was no easy solution to the problems in athens, but she said she was confident that eurozone finance ministers would release that next round of bailout money next week. >> the leader of the opposition, however, accused merkel of failing to reveal the true cost of the measures to help greece and said this made it impossible to pass germany's own budget. our political correspondent has been following the budget debate for us. the chancellor faced some tough criticism on her handling of the year of crisis. what more can you tell us? >> indeed, one of the main critical voices was that of the social democratic leader, an
. thank you. >> bret: he is not campaigning for re-election, but president obama is back on the political stump to round up support for his economic plan to get off the fiscal cliff. chief washington correspondent james rosen tells us that has the congressional republicans feeling left out. >> ultimately, the leader is the president of the united states. >> this president in leading the white house and senate democrats in negotiations with the house republicans over how the avoid the so-called fiscal cliff decided for now to forgo further talks with the top lawmakers. task now delegated to the treasury secretary geithner it go and others. instead, president obama is utahing this critical week to meet with the ceos from small and big business and middle class taxpayers before boarding air force one on friday for campaign style rally in the philadelphia area. >> rather than sitting down with lawmakers of both parties an working out an agreement, he is back on the campaign trail. we are not going to this problem creating villains and drumming up outrage. >> he will be out trying to i'm sure
, these are noises that you made to sound conciliatory after an election, and we think back to 2009. the republicans sounded very conciliatory in the days after president obama's reelection when he was holding a high approval rating, but by april or may of his first year that that had melted away. so right now is happy talk from the republicans. we will see whether that materializes into votes. lou: such happy talk, why aren't there more smiling faces in the republican party? >> pretty unhappy talk from what i can tell, and to this point pretty frivolous. you see members of the united states senate demand is not even their negotiations, but taking a timeout to beat up on grover norquist to is some on elected activists type who was not a player in this and does not have a seat at the negotiating table, was not elected. what does he have to do with any of this? is seems to me this is the opportunity for the republicans in the house, but also to some extent in the senate to explain what they want to know what kind of entitlement cuts that will demand. instead they're beating a boy norquist. lou: we als
or -- >> absolutely not. they're stonewalling at every turn. they ran out the clock before the election. the president says now that the election is over, we'll cooperate. the most basic information about what happened on the night of the attack, and what survivors had to say after the attack is not being provided, and we'll talk more about that tomorrow. but long story short is i know very little from this administration about what happened in benghazi. what i'm finding out on my money makes me very upset. >> greta: is ambassador rice trying to test the waters if she's nominated? >> i have no idea, but i'll be glad to talk to her. again, it's not just about her. why did the president seven days after she spoke write this off as a video-inspired event when it's pretty clear to everybody early on this is a terrorist attack, in a coordinated way. there was no mob that turned into a riot. the riot that i've seen doesn't include heavy weapons and mortar trucks. >> greta: do i take it you're going to ask her direct questions? >> i'm going to ask her straight, direct questions because it's my job. president
clip] >> i want to thank every american who participated in this election. [applause] whether you voted for the very first time -- [cheers and applause] -- or waited in long for a very long time -- by the way, we have to fix that. host: we are talking about remedies to speed up the voting process. the first call comes from michael in oregon on the line for democrats. caller: we have a very simple process here. they send us -- we get a letter in the mail. it says who we have to vote for and we send it back in. host: so there is no waiting in line? caller: none. host: do you feel like that is the best way to go? caller: i think it is great. all you have to do is register. make sure that your address is registered. they send you a ballot in the mail and you send it back in. host: our next call comes from larry on the line for independent. give me a remedy to speed of the voting process. caller: i think we could probably moved it to veterans day -- november 11. a couple of days around it. three days of voting, kind of like a national holiday. the other way i think is, i really like what the
and keith ellison. >> brown: then, president obama sat down with mexico's president-elect, enrique pena nieto, this afternoon. one topic for them and for us tonight: the war on drugs, on both sides of the border. >> suarez: as lawmakers talk of reducing the country's debt, paul solman offers a history lesson on centuries of federal borrowing. >> the united states was going into default. we defaulted on many obligations to foreign creditors and to our own soldiers. >> brown: plus, every month, 1,000 young americans are infected with h.i.v., and most of those with the disease don't even know they have it. hari sreenivasan looks at a new report from the c.d.c. that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporati
through the election. and they're handing out flyers all over the heartland of the country, obama is not going to take your guns, they're trying to fog the election and get through the election, but if they do, it's katie bar the door. stuart: yes indeedy, look at black friday. next hour we'll talk to the gun store owner who took out the ad in the paper. if you voted for barack obama, your business is not welcome. it's been great for his business. he's on the show the top of the hour coming up. perhaps all research in motion needed was "varney & company" to put it on death watch. since we did so, the stock is up 5 #% in one month. 70% up in three months, a lot of positive buzz surrounding the blackberry 10 due the end of january and the stock has gone straight up despite our death watch. maybe we should put microsoft, a stock that i own, on death watch. take a look at the video please, two armed robbers made off with nearly $100,000 in black friday cash. the two men hid in a target store in new jersey, after it closed, they entered the cash room, that's where cops say the men tied
agree with with what julia said. i think that you have to interpret these elections in two ways. on one side, you have the independent versus unionist vote. and in that way, i think you can safely say there has for the been a great deal of change in the sense that the big push towards pro independence parties are as asked for didn't happen. on the other side, you can clearly say that in the left versus right, there has been just a move towards the left. and in particular with parties towards pushed against austerity cuts. so i think the way to on interpret that is that it will be hard for an independence referendum, although he has already announced he will do so. and he had to do so ban he has always announced that he will do this whatever results come out of of the elections. but to do so, he will have to form a government with the left erc party, which he's fiercely against austerity. so i think that for rajoy, all this means that probably he is strengthened in the and itity independent side of the story, but also he will find it very hard to push further austerity that is needed to
in a swing state, the co2 question played a major role in the election concerning the coal mining question. to avoid any other misunderstanding, i know what it means to close a coal mine for 35,000 inhabitants, most of them employed in the coal mine. when you close down the coal mine, it was an economic disaster. but today, the coal mine is closed down and you have an economically flourishing city. so it is possible to step away from a traditional industrial structure, with public financing and support to go into another direction. therefore we need more money in the european budget. [laughter] mali and congo, i set a lot about our common commitment, and where the values are challenged, wherever terrorism and terrorist groups try to destroy countries, to bring countries to the state of a failed state, as a basis for terrorist groups to export their terrorism, we must act. somalia is a symbol. what is happening in mali is a direct result of the libyan revolution. it is now distributed in the whole region. not only mali. a at a meeting with the king of morocco to tell me that for his country
. after the election, the speaker did say increased revenues were acceptable if coupled with entitlement reform. but will it be supported in the house? that's where grover is seen as more of a legend than a lobbyist. some are signaling the tax debate does not start and end with this old pledge. eric cantor, who was adamant last time about opposing any revenue increase hit that note on msnbc just this morning. >> there's a lot that has been said about this pledge, and i will tell you when i go to the constituents that have re-elected me, it is not about that pledge, it really is about trying to solve problems. john boehner went to the white house ten days ago and said republicans in the house were willing to put revenues on the table. that was a big move. >> by the standards of republican politics, ben, that was a big move. and eric cantor is doing something pretty important there. i just want to say before we go into all of the nitty-gritty details, tell us about what it means for eric cantor to basically reposition this conversation away from grover norquist, who as i said is something
norquist. >> i'm not obligated on the pledge i made tennesseans aware is just elected that the only thing i'm honoring is the oath that i take when i serve when i'm sworn in this january. >> there's a lot that has been said about this pledge, and i will tell you when i go to the constituents that have elected -- re-elected me, it is not about that pledge. it really is about trying to solve problems. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming greece, but i will violate the pledge, long story short, for the good of the country only if democrats will do entitlement reform. >> sounds great, doesn't it? only one problem, this apparent kiss-off to the anti-tax guru appears to be pure lip service. as mr. norquist himself expressed this morning in somewhat colorful language. >> no pledge taker has voted for a tax increase. we've had some people discussing impure thoughts on national television. we would certainly highlight who has kept their commitment and who hasn't. >> yet, so far those impure thoughts have not crossed into taboo te
for tuesday. >> we demand the president of days the people who voted for him. they elected him to work on their behalf, not to do as he pleases. >> the political unrest is growing in scope. the judges sidelined are organizing their run protests. turbulence on the cairo stock exchange in the wake of sunday's major sell-off. traders and market analysts fear a lengthy political crisis. he has since tried to assure his seizure of powers will be temporary. he's has confidence in the search for a compromise. they're asking him to use restraint. >> democracy means the rule of law and the division of powers. therefore, i appeal to the egyptian leadership to seek a compromise. >> that is what the demonstrators in cairo are looking for. they vow to continue until he meets their demands. >> for the latest on the story, we are joined now from cairo, and he is following the events there. the president is trying to diffuse the situation and he is negotiating with senior judges. is there any sign of a compromise? >> not yet. the country is really waiting to see if he is going to give in and see if th
of a debt write-down have been delayed until after next year's german elections. >> the deal would be put to vote on thursday or friday. >> it is not an easy sell for the defense of the idea of letting greece buy back its bonds at below market value. >> it is important to be fair and say that other eurozone countries should not be profitable. greece needs this. >> german chancellor angela merkel and her finance minister can count on the majority in parliament to support the plan, even though many lawmakers still had questions when they were being briefed. opposition parties have not yet laid down their position, but in the past, they have signaled that they will support continuing aid for greece, but the social democrats, germany's largest opposition party, wants more information. >> it is too early to determine what impact tonight's decision will have on the german budget. we have also not yet calculated what the consequences would be for the future of greek debt. >> as far as the opposition is concerned, a hair cut for greece is not off the table yet. if anything, it is being postponed
. president, you better watch yourself because we won the election. let's focus on those taxes on the rich. let's deal with entitlement down the line. that scares me. that is unrealistic. it goes against what we heard the president of the united states say. >> dana: when it comes to the math, do the math, they have a good opportunity in front of them. >> we heard senator reid said when asked he couldn't name any of the cut the democrats are willing to offer in the fiscal cliff negotiations. he said, "we need to get credit for cuts previously made." this is today. the cut previously made. i'm scratching my head to figure out what cuts the democrats made prior that they want credit for. if they did make credit cuts why did we run up four more years in a row? start fresh right now. talk about cuts and then talk about how are we going to raise revenues. >> eric: what would -- >> dana: what would harry reid mean by that? get credit on cuts they made. on what? >> bob: that is a $60,000 question. i'm not sure what he is talking about. but i know there will be cuts if entitlement program. readjust
constitution by an overwhelming vote of 58-42. are unions losing strength despite the re-election of the most union friendly president in our lifetime? joining us, director of labor policy for mackinaw public policy in michigan. a huge failure? >> absolutely tone deaf. you talk about what happened in michigan, talk about them killing 18,000 jobs and killing the twinkie, and now walmart. you notice all the headlines and the protesters were outside the stores. they didn't have walmart associates on strike. david: jeff points out an interesting thing is they play on the concerns of the worker, even though the workers do not want to be unionized, they say, we help you get higher pay and better benefits, ect., even if you don't want to join us to lure them in. >> funny how they do it, taking business away from wal-mart to get better pay. it's dollars and cents, and it doesn't work that way. there's a corporate campaign, trying to hurt walmart's reputation, take their business, and walmart gives into something called neutrality agreement taking away the secret ballot of workers because they want a
. in michigan they suffered a valid defeat. the past election day. i think you are seeing an effort to get win on their side. >> that was not cooked up by bakers union on strike against hostess. a judge approved request to liquidate assets so unemployment for 18,000 workers. >> shannon: does it mean never again twinkies or wonder bread? >> hostess received lucrative offers to purpose the brand names so twinkies and ho-ho and ding-dongs in my future. i don't know about yours. >> shannon: "hear! hear!" hope lives on. taking heat for taking turkey later in the grapevine. up next, feeling the heat in chicago. two weeks after being re-elected jesse jackson john your makes a huge decision. >> shannon: illinois congressman jesse jackson junior resigned, marking an end to a turbulent year for jackson. the trouble might not be over. mike tobin has the latest from chicago. >> i'd like to associate myself with the concerns -- >> in a letter to house speaker john boehner the former congressman jesse jackson junior prioritizes his health as the reason he is stepping down. he does acknowledge the investigat
by ambassador rice and president obama three weeks before an election. >> shepard: rice said while we wish we had had perfect information, just days after the terrorist attack, as is often the case, the intelligence assessment has evolved. neither i nor anyone else in the administration intended to mislead the american people at any stage in this process. and the administration updated congress and the american people as our assessments evolved. democrats call it all pure politics. they won the election, but the opposition still fighting. so now showdown between the white house and house republicans over the president's choices for his cabinet. catherine herridge live in the dc news room. it sounded like they were ready to dial this back. but they've dialed it up instead. >> they have. within the last hour, this from the three senators disputing white house claims that statements about benghazi are a closed matter, that there are no unanswered questions. the senators saying this morning the acting c.i.a. director morell told them the al-qaeda references were dropped in the c.i.a. talking poin
off by possibly electing a bush when you have history of bush for eight years, clinton for eight years, obama for eight years, another bush when there was actually, you know -- well, wait, bush, clinton, bush, obama, bush. >> that's probably due for another obama. i think bush like christie is a republican who has crossover appeal. he has tremendous support among hispanics because of his position on immigration reform. tonight i'm going to be with governor bush. we are doing an event in washington talking about the need for educational reform as a big national security challenge unless we get k-12 education right, we're now not going to get this country right. and the fact that someone like jeb bush has become one of the principal champions of education reform has shown me how republicans can have appeal if they go beyond the narrow agenda. >> what do you think? >> i think he has enormous appeal. he's a very attractive candidate. and as richard pointed out, he is not the republican candidate we've seen in the past couple of elections. i mean, he has enormous appeal to the hispanic comm
has a two point lead over moon. the election is scheduled for december 19th. who ever wins mustards diplomats with japan. japan claims islands in the water separating the nations but south korea controls territory. both candidates say that's not up for negotiation. still park says japan is an important friend. she wants to increase economic cooperation. moon says leaders of both countries should make efforts to present be a past from hinder ties but he's firmer on certain cases. he says japanese officials are distorting facts on long standing issues. the debate over territory and history will continue after south korea elect a new president but some business people say the coverage misrepresents what's really going on. they say people from both countries are finding new ways to work together all the time. >> reporter: this restaurant serves japanese noodle ramen. the staffere eaks japanese. the menu is written in japanese but this restaurant is in seoul. >> translator: political issues will not affect the popularity of japanese food culture here. political disputes and culture excha
. remember how quickly he threw away his 70% approval rating from the 2008 election, when he went with the spend, spend, spend approach. he's now walking in with a 50-plus percent approval rating and going for tax and spends, tax and spend. i think he'll find his approval, begin to continue its way down from where it was when he first ran. and secondly, the republicans won the house of representatives, and they won it after redistricting, which means they're all running in the same districts for ten years, so, that republican majority is here for a long time and it's fairly comfortable, they're not going to be pushed back or bullied around. the president's gone in four years, the republican house is there for ten, and they all won, having voted for and debated and discussed and explained, the ryan plan, which is entitlement reform and tax reform. it is a tougher house than we've ever had capable. >> grover, i'm looking at your picture in the new york times of all places, your picture is in the new york times yesterday, saying-- i can't hold it up because, it's there. okay? there h
since the election. there's no doubt about it. i think john, you'd verify this. number of republicans, i've talked to a couple of united states senators who said there's at least 10 to 12 republican senators who are willing to walk away from grover norquist on the tax pledge. >> it's breaking out all over. sanity is contagious. >> now, the question is, is the president going to stay where he is and go, you know what? we're going to do it my way or no other way? we're going to raise it to 90 -- to 39.6%. steve rattner had a great column yesterday. >> it's a must-read. >> you know there's more than one way to skin a cat, more than one way to raise over a trillion dollars in revenues. it doesn't just have to be the president's way. is the white house going to insist on the 39.6% tax rate, or will they consider the loophole part of it plus capital gains, plus a couple of other things? >> well, it looks to me like the white house has learned something over the course of the last four years which is that you don't start a negotiation by negotiating against yourself. >> right. >> you know, the
presidential elections. >> kengo, park and moon running neck and neck. what are south koreans looking for in their next leader? >> yes, shery. their biggest concern is growing economic equality. they blame congress glom rats. these groups or big companies dominate south korea's economy. critics say they made it hard for smaller companies to succeed. moon has said one solution is to reintroduce limits on how conglomerates can invest. he says that would create room for smaller companies to grow. >> and what does park say? she's known to be more conservative. >> yeah. that's right. as far as these powerful groups of allied companies are concerned, park favors the strength to keep their growth in check. but she says they are large employers that play an important role in the economy. she says improving conditions for workers and supporting weak members of society are two of her goals. >> and of course north korea a key issue in south korean politics. what are the candidates' positions on pyongyang? >> yes. that's a big question. both want to see relations improve. moon favors a proactive
mention and that election the next couple of weeks is playing into these events? do people on the ground see this -- some level of this as political posturing? >> well, absolutely. there were many, many people during the campaign who felt that perhaps-- and certainly on the flip side, on the other side palestinians and in fact palestinian president mahmoud abbas accused israel of creating this campaign or going forward with the campaign to try and sabotage the u.n. bid -- the palestinian u.n. bid and also as a ploy for election -- for garnering votes for upcoming elections. for the incumbent government. the fact of the matter is, when i spoke with people on the ground today in the south, these are the constituents that would primarily vote for prime minister netanyahu and right now they're not very happy with him and many, many people said they're withdrawing their vote in the coming election, that they will not be voting for his likud party. they're unhappy with the fact that there was a pullback from a full-scale invasion. people living in the south who, again, have been through this s
. the countdown is 17 points. >> i am melissa francis of election is over but the president heads the campaign trail to talk about his solution for the fiscal cliff. nothing is getting done in washington. >> what is rich's the $230,000 for a tough pill to swallow for new tax hikes. so now it will buy even make dead-end. what does lou dobbs think? melissa: corporate america racing to get ahead of the cliff with wall street funds to help your wallet. melissa: time for stocks ahead to the floor of the new york stock exchange with nicole petallides confidence hitting the post recession peak but traders are not buying it? >> >> of its numbers result of the market moved higher the dow moving into the green but now was sells off continuing the trend. we're doing much of the same we're under pressure with dow jones industrial average but also of the nasdaq has some of perot's. the confidence numbers of the highest levels since february 2008 also case-schiller shows the total order for durable goods is unchanged. we have a deal on wall street and some upgrades so there are bits and pieces and many are
around to having another test to this thing. it may be tied to the upcoming election in south korea which is around the 19th december. jenna: you wouldn't be surprised, you're not surprised by hearing about this now? >> no, not at all. they clamor for attention from south korea, from the japanese and from the united states. and this is more about that. they normally, when they get a little rough with the south koreans or do something to spark the anger of the united states usually they get some kind of concession frankly. so it's usually politically motivated to be sure but listen, the central intelligence agency's job is to figure out what their motivation is. the defense department's job is to have the capability to defend against an adversary's military capacity so the defense department takes it very seriously. jenna: let me stop you there because we've been showing what we call, b-roll and different missiles firing off and i want to be clear what type of missile, what type of capability, long-range missile like the one we're saying could be tested would have. can you tell us a little
. they are blaming obamacare on this, but this was before the election the price of health care was going up. across the board, we are not dealing with problems at hand. both sides of the aisle, those that don't want to give an answer to this before we go over the fiscal cliff, they're not responding to the will of the people. they will be voted out. there's no doubt. if we have some very lovely and caring republicans that are very conservative and we love them, but we will vote them out if they don't fix this. we are holding them responsible as we are holding the democrats. host: thanks for the call. we will continue discussing the fiscal cliff and taking your calls. we want to point out some other news going on in the world. here's the front page of the boston globe this morning -- clinton was dispatched by president obama to israel and is meeting today with egyptian officials and palestinian officials as well. the headline from the tribune -- late tuesday night clinton met with benjamin netanyahu in jerusalem and plans to go to the west bank on wednesday. clinton is preparing to step down early n
in the u.s. markets after the election on november 6th. we're back to -- >> we have a crack data team, don't we? we ask, they perform. thank you very much. >>> from california to florida, walmart workers have been staging protests at various locations across the country. but, is that keeping shoppers away? we'll go live to a walmart store in maryland for the latest action on that. >>> plus, we'll tell you six ways to find the best deals out there. all it takes is your fingers and a mobile device. >>> up next -- fiscal cliff getting closer and closer every single day. one member of our panel says there is no way the lawmakers will hash out a deal by the end of the year. what does that mean for stocks? stick around to find out. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no mat
of things going on in politics as ever. we had regional elections in spain. yields you can see slightly higher, but still well below 6%. now, these regional elections fairly important because we know catalonia has been pushing on on independence. now, it looks less likely we'll get that referendum, but not because people in catalonia are any less eager on a separatist movement. just that they didn't vote for the main guy who is proposing it. they voted for competitor party which is makes it slightly harder in the short term for them possibly to get a referendum going. so eases the pressure in the short term but means there is still a longer term problem there. catalonia is one of those regions that still has very large deficits, as well. so the politics in spain slightly skewed as they will be, but not so much pressure on rajoy at the moment. unlikely to ask for assistance in the short term. we also have another euro group meeting take, back in brussels, yes, i know, we seem to have one every week. they may come up with a long term financing deal for greece. finally talking about debt f
they be equal, necessarily? >> you know, we just had a big election campaign. president ran on the importance of extending tax cuts for middle class families who have been struggling for the last two decades in our economy. and for raising taxes on the top. it's important we address our problems in a balanced way. that's what the president laid out in his budget, which reduces the combined deficit over the next ten years by $4 trillion with a combination of spending cuts and additional revenue. >> but to michelle's point, if you deal with the tax tax portion first, you know, you lose some of the leverage and getting some spending cuts made at some point in the negotiations if you're emphasizing taxes first. do you agree? >> as far as economy goes, what could provide the greatest certainty for the economy right now would be for the house to take up the bill that the senate passed. extend those middle class tax cuts. >> mr. krueger, thank you for joining us. appreciate it very much. >> thank you for having me. >> alan krueger from the white house. in the latest score they're calling them physic
medicare plans that may be right for you. call now. elected president takes oath of office he meets with president obama at the white house. nieto wants to talk about trade, manufacturing, energy deals between mexico and the united states. wolf blitzer sat down with him for an interview a couple of hours ago. more on that in a bit. mexico's president-elect wants to update the conversation between his country and the united states. he's talking about the drug wars, security, immigration, all of those things on the agenda. millions of people in both countries are affected by the decisions that he and president obama make and it's time to redirect the relationship. how do they do it? cnn contributor ruben navaret. you wrote a to-do list for both leaders. what does the new president of mexico, what does he need to do? >> right. i think, suzanne, one of the thing his needs to do is reframe the relationship and redefine the paradigm. the case that mexico comes to the was asks for certain things, recently for $1.4 billion in funding under the initiative to help fight the drug war. i think
will be seeking re-election next year. he said the preliminary damage from sandy is nearly $30 million. christie says he's in it for the long haul to help jersey recover. >>> coming up on the morning news, click and shop. cyber monday rings up record sales on what's expected to be the busiest online shopping day of the year. this is the morning news. [ female announcer ] born from the naturally sweet monk fruit, something this delicious could only come from nature. now from the maker of splenda sweeteners, discover nectresse. the only 100% natural, no-calorie sweetener made from the goodness of fruit. the rich, sweet taste of sugar. nothing artificial. ♪ it's all that sweet ever needs to be. new nectresse. sweetness naturally. starts with ground beef, unions, and peppers baked in a ketchup glaze with savory gravy and mashed russet potatoes. what makes stouffer's meatloaf best of all? that moment you enjoy it at home. stouffer's. let's fix dinner. that moment you enjoy it at home. living with moderate to semeans living with pain.is it could also mean living with joint damage. help relieve the p
. if you look at the election, i don't think the only mandate i really saw to that was both sides depending on which side of the aisle you are on are very angry about what's going on and the lack of leadership from any of our elected officials so i think it is going to be kind of a can kicking down the road liz but they will come up with some type of resolution. i think that's why the s&ps are really holding on to 100 day moving average. we are a few handles below it on the s&p today. liz: fox business news alert merck is increasing dividend from 42 cents to 43 cents, for shareholders of record december 17th. they are the ones who are going to get this. you are starting to see this behavior teddy where yeah i mean companies are moving it up, moving their dividend gains or whatever they want to do for shareholders before that first of the year. >> i think it's shareholder friendly, liz, but at the end of the day i don't think it means anything. i have lived with ordinary income tax rates on dividends for most of my trading adult life and 0 interest rate environment, you get a company that pa
to get reelected and it's not only the german elections that are around the next corner. everybody has to keep facing their own taxpayers. so i think they'll keep doing it with a combination rather than taking all the bitter medicine. either there is a default or the countries that have given the money have to write-off their debt. on one side or the other, it has to go because obviously greece can't pay back, at least not to the extent that they would have to pay back. they might limp through some measures. there was also talk about an interest rate moratorium for up to ten years. a lowering of interest rates. of course that way you can ease the burden a bit, but ultimately there will have to be a public sector haircut of some sort and a substantial one other than that you can't get any relief from the debt front. >> you're also still in brussels because we have budget talk. let's remind ourselves what david cameron is saying about his opposition to increasing those budgets. >> clearly at a time when we're making difficult decisions at home, it is quite wrong for there to be proposals
as a result of paying it earlier. >> adelson loses in the election so he realizes rates are going higher so he pays a special -- >> i don't know what the numbers add up to. he spent over -- how many millions did he spend? >> for investors that want to catch the next one, it's a shot in the dark to know who will be -- we're kind of running out of time here. >> the clock is ticking. >> go to one where you have grandkids relying on the dividend. anyone out there? >> it's great point. >> generation skip? >> walton grandkids, $800 million a month in dividends. >> how do you spend all that? >> i don't know. >> but brown forman is a fantastically performing -- a real winner. you may know this as jack daniels. very successful -- very successful growth company. as has bean. these are very, very cash flow spewing companies and they're giving it to you. i love it. i really do. >> it's amazing. >> we talked about it so long ago after the election you started to see it pop one after another. walmart setting the tone. >> returning capital to share holders is a theme. adt as well increasing its share repurch
that was dictated by the election results and it's dictated by the election results and the republicans can't be the people who hold back the entire movement of taxes and tax cuts extended for most people and i wish they could keep the highest tax rates slow where they are, because that's where the job creators are, and i think that the republicans will ultimately come to a deal and you know, they have to, otherwise, obama could hold it over their heads and beat them with it and claim that the republicans are the recalcitrant holdovers and i hope they don't do too much. stuart: i haven't heard anything on the other side of the fence, which is entitlement reform and spending cuts and that's ignored on the tax side of things. >> well, it's all politics, stuart. you know, they don't have to move right now. they just want to the let the republicans sit there and stew in their own juices, which is what's going on. the faster the democrats act the less political gain from the pressure under republicans. there's no real incentive for democrats to come out and be accommodative and they won't be unt
roosevelts election derailed from the depression. >> gretchen: stewart varney went back to the 30s and fast forward here. >> not just me. first year of fdr's second term was 1937 and it was a terrible year for the economy. dow jones industrial was cut in half . unemployment 15 percent and it was a depression within the big depression of the 1930s. is the parallels between then and now. fdr raised taxings. president obama is going to raise taxes. many of the big themed policies of the first term of fdr were implemented in the second term. same with president obama and think obama care and financial reform . attacking wall street as the villian. president roosevelt did that . wall street was the villians and shades of that exactly. 2013 president obama wall street is the villiage and then the rearrangement of society. fdr tried to do it. and president obama is doing it and run away government spending. parallels are there and hope it doesn't work out like it did then. >> we want all americans back to work. and back in the 30s industrial plummeted 34 percent in the first year of the second ter
to bring weight to the negotiations. we should also note that israelis will have election next january and further casualties on their side would not look good on the current leadership. prime minister netanyahu threatened a ground invasion. most here think that would not have been a practical option. from the hamas point of view, they got one of the things that they have long asked for. the israelis are expected to ease the siege that would allow more movement of people and goods. so hamas leadership can justify the cease-fire by saying that they achieved something. >> k oft hei, you know the history of such agreements. how long do you think this truce will last? >> well, we have to be cause about how we frame this. and we have seen a number of them broken. so consider who played the role of mediator. egyptian leaders hosted the talks and acted as a regional broker for the deal. and it's not insignificant that egyptian foreign minister amoh announced the agreement. of course, secretary clinton was there behind him but egyptian president mohamed morsi has deep connection with hamas and
the qe-3 sell-off, the sell-off after the election. we've gotten half of that back. s? an opportunity, if you were freaking out last week, going my gosh, i don't want to be long, i don't want to be invested going into the end of the year, you're now getting the opportunity. so investors at home. if you feel yourself just as you said, getting filled with hope, i hope this continues, i hope this rally goes on, that's not sound investing. this is an opportunity to take some things off the table. the turkey gods are smiling on you. >> what would you take off the table? i think the tide is going to rise all boats or sink all ships. so, yeah, if you've got longer term gains and want to capitalize on that tax advantage now, that's fine. if you stay invested in this environment, you're betting on congress. i mean, you're not betting on the market, you're betting on congress. and they don't have a very good track record here, so i think from now until the end of the year -- >> i don't know, i think they have a track record of exploring all the other possibilities and finally doing the right th
. the problem is that time is marching on. we've had the election, we've had thanksgiving. the excuses are running out. the lame-duck session is only so long. that's probably why the markets are getting nervous. although you may get a deal done in q-1 rather than in q-4, the fact that it actually hits from january 1st is going to keep business very cautious, very defensive and that's going to worry the equity market. >> it's interesting because it also comes against the landscape where we've seen chinese equities underperform, they reminded us very few of its member countries have great growth prospects going forward. that's probably wise. people are saying why is it that across the globe the u.s. fiscal cliff is such an issue. well, it's because sources of growth at this point are few and far between. >> that is the problem. where is growth going to come from. the one place that looked set for a reasonable 2013 was the u.s. economy. europe flat, china slower probably than this year. but a reasonable set of growth. if you put a 3.5%, 4% of gdp drag on that economy which was only growin
.com correctly predicted what was going to happen with the election, and now it is telling us about the fiscal cliff, and the odds are very low that we will go over that fiscal cliff. so, does this change anything in the trading community other than just not having this outlet? > > i think smart traders stay away from markets like gold and oil because volume is the key. without big volume, you don't distill that information that you need to make a decision. so, i don't think it is going to dissuade anybody. but if you really wanted to trade these markets, just like online poker, there are ways to do it, even if you are in the united states. but they are probably better to stick to the prediction business, because that is what they do best. > the statement appears on intrade's site, as he alluded to. it is calling the report of intrade's death premature, and that there are plans for a new exchange model to make it legal. hugh, any thoughts on what a new model could look like? what can they do, move to the cayman islands? > > they are in dublin right now, so i don't think a movement is what's in
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